Ji'nan bank thaw 4 billion 400 million live money mortgage interest rate or welcome 15% off discount
Ji'nan daily Author: Zhou Fang
the central bank has announced a 0.5 percentage point reduction in the deposit reserve rate of the depository financial institutions since May 18th. After the adjustment, the deposit reserve ratio of large financial institutions dropped to 20%, and the deposit reserve ratio of small and medium-sized financial institutions dropped to 16.5%. This is the second time the central bank has lowered the reserve requirement ratio this year.
what impact will the deposit reserve rate cut?
the bank capital tense situation was improved
over the past two years, the deposit reserve ratio increased by 12 times, accumulative increase of 6 percentage points. Therefore, the Bank of Ji'nan was "frozen" about 48000000000 yuan, directly allowing the bank to raise money shortage.
in the evening of November 30th last year, the central bank announced that the deposit reserve ratio would be reduced by 0.5 percentage points from December 5, 2011. On the evening of February 18th this year, the central bank announced again that the reserve requirement ratio will be reduced by 0.5 percentage points from February 24, 2012. So, this is the 3 time that the central bank has dropped its quota for the next time, and this year is the second time.
industry insiders say that the downgrade of deposit reserve ratio means banks need to pay lower reserves to the central bank, and a number of funds can "thaw", and banks with tight funds can no doubt be relieved. According to the total amount of 84 trillion and 230 billion yuan of RMB deposit balance at the end of 4 2012, the central bank will release about 420 billion yuan of funds at a time. Specifically to Ji'nan, the city's RMB deposit balance at the end of the first quarter of this year is 880 billion 950 million yuan, so in theory, the deposit reserve ratio is down 0.5 percentage points, which will release 4 billion 400 million yuan of bank funds.
mortgage interest rate or 15% off discount
lowering the reserve ratio means that more money will be released to banks, and liquidity will be further loose. This may also lead to a looser bank credit fund, and credit interest rates will be reversed.
reporters learned that the tension in bank credit has eased this year and some bank lending rates have also been reversed. For example, for the first suite, banks were asked to float 10% last year, and most banks, including four big state-owned banks, have been back to the benchmark interest rate, and some banks also have a minimum of 15% off for some of the high quality customers.
what impact will it have on the citizens who are ready to buy a house? A joint stock bank loan officer in Ji'nan said that the age of 15% off of the housing loan interest rate may soon come.